Syms Corp. (Nasdaq:SYMS) announced that a second distribution of dividend checks to Filene's unsecured creditors amounting to 12.5% of approved claims has been made, bringing the cumulative distributions on unsecured claims to 62.5%. "The company is still reconciling claims that are disputed or that were filed in amounts different from the amounts shown on the company's records," said Cohen.
"As these claims are reconciled and disputes are resolved, the Debtor will make additional distributions to holders of allowed unsecured claims. We ultimately expect to pay dividends to unsecured creditors that total 75% or more of their allowed claims."
Syms Corp operates a chain of off-price apparel retail stores under the Syms and Filenes Basement names in the United States.
Global Hunter Corp. (TSX.V:BOB) (“Global Hunter”) is pleased to announce that it recently completed a surface sampling program at La Corona de Cobre.
The program was designed to collect surface samples from the numerous prospective shear zones. This will aid in the definition of drill targets to expand on the copper oxide mineralization. The company has collected approximately 250 samples from the shear zones listed below.
The shear zones and areas of alteration that have been sampled (from East to West ) include the following zones:
- El Manto
- La Golondrina
- Cerro Borracho
- El Tazon
- La Copa
- La Varrilla
- Et Tazon
- Vino Fino
- Las Posadas
The samples will be collected from outcrops along the entire strike lengths of the shears and have been shipped to ALS Chemex Labs in La Serena Chile for analysis. Results will be released as soon as practical after they have been received.
These shear zones can be traced on surface for hundreds of metres, with the longest being Vino Fino, which has been mapped for over 6,000 metres. Local miners are currently extracting ore from several shear zones on the property and transporting it to Enami for processing.
The surface sample results in conjunction with previous geophysical work completed on the property Global Hunter intends to prepare a multi-hole drill program on the shear zones scheduled to begin early 2011 as part of its ongoing evaluation of its Corona de Cobre project.
In addition to sampling and drilling of the prospective shear zones at La Corona de Cobre mentioned above, The Company will continue its work on the Las Posadas resource over the coming months and will provide a summary of its progress as information becomes available.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. Global Hunter primarily explores for gold, copper, and base and precious metals. Global Hunter was founded in 1988 and is headquartered in Vancouver, Canada.
PMC-Sierra Inc. (Nasdaq:PMCS) announced that PMC-Sierra (Nasdaq:PMCS), the premier Internet infrastructure semiconductor solution provider, has licensed its CEVA-VoP™ voice-over-IP platform for use in PMC-Sierra's next generation system-on-chip (SoC) devices for Fiber-To-The-Home applications. CEVA-VoP is a complete hardware and software VoIP solution based on the CEVA-TeakLite-II DSP, designed to be deployed in integrated networking and VoP SoCs.
PMC-Sierra, Inc. engages in the design, development, marketing, and support of semiconductor solutions for the enterprise infrastructure and communications infrastructure markets.
GreenHouse Holdings, Inc. a leading provider of energy efficiency solutions and sustainable infrastructure products, recently announced that it has been engaged to utilize Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program in Gulfstream Aerospace Corporation’s Long Beach, CA facility.
GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies and complete processing of all incentives.
The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events. Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy consumption.
In utilizing the Auto-DR system, Gulfstream will reduce electric consumption during costly peak energy periods when the demand is highest. Additionally, the system provides Gulfstream the ability to reduce operating costs by curtailing the use and purchase of electricity. Gulfstream will then receive financial incentives from SCE.
“Auto-DR is just one of the innovative services Greenhouse offers to help our clients reduce energy consumption by deploying state-of-the-art technology,” says Rob Davis, Vice President of GreenHouse Holdings, Inc. “We are truly honored to be selected by Gulfstream and we are looking forward to the Auto-DR project as the first of many services offered in support of Gulfstream’s corporate energy stewardship initiatives. This project goes to the heart of Greenhouse’s mission to deliver sustainable solutions that reduce energy consumption with a positive return on investment.”
Stewart Enterprises Inc. (Nasdaq:STEI) reported its results for the fourth quarter and fiscal year ended October 31, 2010. The Company reported net earnings from continuing operations for fiscal year 2010 of $30.6 million, or $.33 per diluted share, compared to net earnings from continuing operations of $23.2 million, or $.25 per diluted share, for fiscal year 2009.
For the quarter ended October 31, 2010, the Company reported net earnings from continuing operations of $8.7 million, or $.09 per diluted share, compared to net earnings from continuing operations of $3.5 million, or $.04 per diluted share, for the quarter ended October 31, 2009.
Stewart Enterprises, Inc., through its subsidiaries, provides funeral and cemetery products and services in the death care industry in the United States and Puerto Rico.
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